According to British bank Standard Chartered, major cryptocurrencies are set to see a major surge in their prices thanks to the current rally in the digital asset market. As such, the firm’s analysts predict that ETH will hit $10,000 dollars. Meanwhile, Bitcoin will hit $200,000 per coin.
In a recent analysis, strategists from the financial institution highlighted the huge potential of the crypto market, especially for 2025. Economic and political conditions in the United States are projected to be very supportive for an explosive increase in demand for the main cryptocurrency.
This positive forecast comes amid two major factors that have fueled a strong revival of optimism. These facts are Donald Trump's victory in the United States and a new interest rate cut of 0.25% by the Federal Reserve. By 2026, the bank predicts a 4X growth in the world's crypto market capitalization.
If this prediction comes true, the crypto market cap will jump from the current $2.5 trillion to $10 trillion. This means that the price of key assets such as ETH or Bitcoin will reach huge prices in the coming months. Geoffrey Kendrick, an analyst at the firm, sees Trump's policies as a major catalyst.
ETH and BTC prices are in the early stages of a rally
Chartered’s positive forecast assumes that the 2024 Bitcoin rally is a precursor. In that sense, there will be a series of changes in 2025 that will lead to mass adoption by citizens in the United States and the rest of the world.
The Trump administration is on track to fulfill its promises of industry-friendly policies. Among the most interesting policies are new regulations for the sector, which would eliminate the possibility of a new war on crypto in the next administration. Also, there is the incorporation of Bitcoin into the strategic reserve of the North American nation.
Specific elements such as Gary Gensler’s ouster as SEC chairman will also generate significant buying pressure. With all these elements in perspective, the mentioned analyst believes that the path is clear for ETH price to reach $10,000. In parallel, Bitcoin price will have no problem reaching $20,000 per coin, according to the expert.
